Public Joint Stock Magnitogorsk Iron & Steel Works : MMK publishes comprehensive ESG database

19.08.2021

Magnitogorsk Iron and Steel Works (MMK) has published, on its official website, its ESG Data Pack, the most comprehensive database on all matters concerning to the Company's ESG (environmental, social and corporate governance) agenda.

This step confirms MMK's commitment to the principles of openness and transparency in its communications with all external audiences: customers, suppliers, investors, authorities, company employees, etc. In the ESG Data Pack, everyone can find key data on MMK's environmental, social and corporate governance indicators for the five-year period (where possible) up to and including 2020. The information will be regularly upd ated. The ESG Data Pack complements MMK's 2020 Integrated Annual Report, where all aspects of MMK's non-financial activities have been covered in detail.

The information in the database relates to the MMK Group, unless stated otherwise. When preparing the ESG Data Pack, MMK was guided by the Global Reporting Initiative Standards (GRI) and the Sustainability Standards for Steel Product Manufacturers, as se t by the Sustainability Accounting Standards Board (SASB). During this process, MMK focused on disclosing as much information as possible to all stakeholders.

'MMK is a modern, responsible company that pays great attention to sustainable development and timely publication of all reports, including non-financial,' commented Yaroslava Vrubel, Head of MMK's ESG Department. 'I am confident that the publication of the ESG Data Pack will help MMK move even closer to external audiences: investors and other stakeholders will be able to find consolidated and comprehensive information about how MMK ensures its sustainable development, how it takes care of the environment, local communities and how it guarantees a sustainable and transparent corporate governance system.'